Picton Mahoney Asset Management lowered its stake in shares of MSA Safety Inc (NYSE:MSA) by 5.0% in the third quarter, HoldingsChannel.com reports. The firm owned 20,900 shares of the industrial products company’s stock after selling 1,100 shares during the period. Picton Mahoney Asset Management’s holdings in MSA Safety were worth $2,225,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. WINTON GROUP Ltd boosted its position in shares of MSA Safety by 43.9% during the 3rd quarter. WINTON GROUP Ltd now owns 7,184 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 2,192 shares during the period. American Century Companies Inc. boosted its position in MSA Safety by 19.5% in the 3rd quarter. American Century Companies Inc. now owns 474,332 shares of the industrial products company’s stock valued at $50,488,000 after buying an additional 77,518 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in MSA Safety by 53.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 21,005 shares of the industrial products company’s stock valued at $2,236,000 after buying an additional 7,299 shares during the period. Emerald Advisers Inc. PA purchased a new position in MSA Safety in the 3rd quarter valued at approximately $400,000. Finally, Arizona State Retirement System boosted its position in MSA Safety by 4.9% in the 3rd quarter. Arizona State Retirement System now owns 24,835 shares of the industrial products company’s stock valued at $2,643,000 after buying an additional 1,161 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.
In other MSA Safety news, CFO Kenneth D. Krause sold 1,572 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $107.00, for a total value of $168,204.00. Following the completion of the transaction, the chief financial officer now owns 18,721 shares of the company’s stock, valued at approximately $2,003,147. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas K. Mcclaine sold 10,568 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $106.61, for a total transaction of $1,126,654.48. Following the completion of the transaction, the insider now directly owns 32,499 shares of the company’s stock, valued at approximately $3,464,718.39. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.
Several equities analysts have commented on MSA shares. Stifel Nicolaus raised their price target on shares of MSA Safety from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, July 27th. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.00.
Shares of MSA stock opened at $107.38 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.59. MSA Safety Inc has a 52 week low of $71.47 and a 52 week high of $110.66. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 23.71 and a beta of 1.29.
MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.11. MSA Safety had a net margin of 4.94% and a return on equity of 28.12%. The company had revenue of $331.10 million during the quarter, compared to analysts’ expectations of $325.53 million. As a group, equities analysts forecast that MSA Safety Inc will post 4.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 14th will be given a $0.38 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $1.52 annualized dividend and a yield of 1.42%. MSA Safety’s dividend payout ratio is presently 39.28%.
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MSA Safety Company Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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